2-bedroom flat · EX2 4HN
For saleReduced £10k (−5.6%) on 16 SepListed 198 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculate Grade II listed top-floor apartment over two floors sold with no onward chain, situated in the desirable St.
Leonard's area of Exeter and five minutes' walk from the centre and cathedral square.
Exeter Courthouse, County Hall, The rd&E Hospital and the University of Exeter's two main campuses, Streatham and St. Luke's, are within walking distance.
An immaculate Grade II listed top-floor apartment over two floors sold with no onward chain, situated in the desirable St.
Leonard's area of Exeter and five minutes' walk from the centre and cathedral square.
Exeter Courthouse, County Hall, The rd&E Hospital and the University of Exeter's two main campuses, Streatham and St. Luke's, are within walking distance.
The flat overlooks Bullmeadow Park and is a ten minute walk down to the river and Exeter's popular Quay area. In addition there are local public transport links to Exeter Business Park.
Residents are eligible to apply for two parking permits from Devon Council. This property would be couple, first-time buyers or as a buy to let property.
The accommodation comprises: Communal front door leading into the communal entrance hall, stairs leading up to the top floor flat. Entrance hall, lounge, kitchen, bathroom and 2 double bedrooms.
Entrance Hall Access via solid wood front door with doors leading to the kitchen, bathroom, living room, bedroom one. Stairs leading to bedroom two. Radiator. Telephone intercom.
Lounge 15' 0'' x 9' 0'' (4.567m x 2.749m) Wooden framed front aspect sash window. Television point. Wall lighting. Radiator. Feature fire place with marble surround.
Bedroom One 14' 9'' x 9' 10'' (4.499m x 2.991m) Front aspect wooden framed sash window with view over communal park. Radiator. Television point.
Kitchen 6' 10'' x 6' 6'' (2.088m x 1.977m) Fitted range of eye and base level units. Roll edge work surfaces. Integrated double oven and hob with extractor fan above. Part tiled walls.
Stainless steel sink and drainer. Integrated fridge/freezer. Plumbing for washing machine.
Bathroom Three piece white suit comprising of panel enclosed bath with Mira shower above, low level WC and wash hand basin. Extractor fan. Hand towel rail. Radiator. Wooden framed rear window.
Bedroom Two 20' 1'' x 12' 11'' (6.114m x 3.937m) Wooden framed front aspect double windows. Radiator. Television point. Telephone point. Storage cupboards.
Tenure Leasehold Lease Start Date 17 May 2006 Lease End Date 18 May 3005 Lease Term 999 years from 18 May 2006 Lease Term Remaining 981 years Services charges £1200 per annum.
Anti money laundering Agents are required by law to conduct anti-money laundering checks on all those buying a property.
We outsource the initial checks to a partner supplier Landmark who will contact you once you have had an offer accepted on a property you wish to buy. The cost of these checks is £25 + VAT per person.
This is a non-refundable fee. These charges cover the cost of obtaining relevant data, any manual checks and monitoring which might be required.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Top Floor Flat, 68, Magdalen Street, Exeter
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